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20121208
20121208
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has a vested $200,00 in that route in cooperation with michigan and indiana. work is progressing to provide needed training which will enable high-speed service to commence in that corridor. we see travel time of an hour. illinois is moving quickly on a high-speed vision, and vision the governor is passionate about and shares with president obama as a key component of a world- class national rural -- rail system. and to be federal funding and support for this vision of a national high-speed service has never been more critical than it is right now. thank you for the opportunity to testify. >> thank you for your testimony. mr. edward hamberger, you have five minutes. >> thank you, mr. chairman. on behalf of the freight remembers, sticky for the opportunity to be here today. i would like to associate myself with the remarks of secretary lahood on the leadership that chairman mica has exhibited past two years in this committee. our nation's freight railroads are successful partners with passenger railroads across the country. approximately 97% at amtrak's system consists of tracks o
with all of it. >> no doubt about it new survey out from reuters, michigan in early december we saw consumer sentiment drop to the lowest level that we have seen since august. that suggests, according to analysts that the increased taxes they are expecting from this fiscal crisis is weighing on consumer spending right now. the other side of this though, of course, is vice president biden went to a diner today to talk to some middle class folks and he basically said he has been talking to business leaders to say the converse of this is if there is a fiscal deal business leaders tell him the economy will be unleashed. take a listen. >> the upside is even bigger than the downside. they are ready to move they have well over a trillion dollars out there continue to vest if they think that the economy is going to move. >> and i have been talking to officials in both pears who say that has been the most surprising thing to leaders in washington here in private is that the markets have remained relatively stable despite this uncertainty here in washington. it will take though just one or tw
by june. >>> in our second story, michigan governor's could sign a controversial right to work bill by tuesday that allow workers to unionize companies to avoid paying dues. the critics would hurt union strength, but supporters say it will bring jobs to the state. democrats and union supporters are planning a massive rally at the state capital the same day. >>> in money news, holiday hiring may have given a big boost to the job report retailers hired more people in november than any other month. on record since 1939, according to the labor department. 146,000 jobs added to the economy last month and the unemployment rate fell to a four-year low of 7.7%, partly because thousands of people have just stopped looking for work. >>> at number four, president obama asking congress for $60.4 billion in emergency aid for superstorm sandy recovery efforts. thatie request falls short of total damage estimates. they say they'll need closer to $82 billion to repair their states. >>> it's been more than 15 years since he was mysteriously gunned down, but the los angeles coroner's office has final
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